Russia's central bank on Friday raised its key interest rate to 16 percent, announcing a fifth hike since summer in a bid to fight accelerating inflation.
Russia’s central bank on Friday raised its key interest rate to 16 percent, announcing a fifth hike since summer in a bid to fight accelerating inflation. “Current inflationary pressures remain high. Annual inflation for 2023 is expected to be close to the upper bound of the 7.0–7.5 percent forecast range,” the Bank of Russia said […]
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